Stock Markets Today: Bleak UK economy, Twitter exodus, FTX … – Bloomberg

Bloomberg Real Yield focuses on global issues and events that directly affect debt markets. Host Jonathan Ferro discusses stories from the fixed income world with the biggest names in the field. The show provides critical intelligence and analysis, allowing its audience to stay ahead of the competition.
Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Cyberpunk 2077 was one of the highest selling games of all time. It’s developer, CD Projekt Red, was seen as one of Poland’s most important companies. But inside the company, leadership pushed developers to get the game out for launch, hid the truth about how bad the game was, and ultimately had it returned by millions of people.
Novavax Plunges for Second Day; New Shares Are Priced at $10
Covid Boosters Help Keep Older Adults Out of Hospitals, CDC Says
US Statistics Agency Says ‘No Evidence’ of Hack on CPI Report
Fed Still Has a ‘Long Way’ to Go to Defeat Inflation, Daly Says
Bank of Italy Raises Inflation Forecasts on Energy Price Hikes
Hollywood Loves Its Never-Ending Blizzard of Cheap Christmas Movies
US Earnings to Watch: Nike, FedEx, CarMax, Micron, General Mills
Twitter Accused in Lawsuit of Stiffing Software Supplier Owed Millions
GM’s Cruise Robotaxi Unit Faces Safety Probe After Three Accidents
Musk Disables Twitter Spaces After Clash With Journalists
SpaceX, Blue Origin Executives Tapped as US Space Council Advisers
White House Begins Plan to Refill US Emergency Oil Reserves
How to Prepare for 2023 With Student Loan Relief Unclear
Blackstone’s Real Estate Fund for Wealthy Prompts SEC Queries, Investor Scrutiny
Disney’s ‘Avatar’ Sequel Takes In $17 Million in Preview Ticket Sales
Wilson to Start At QB for Jets; White Not Cleared By Doctors
2022 Has Not Been Kind to Musk’s Tesla. Exxon Is Catching Up.
New Roommate? Why You Should Make Your Adult Kid Pay Rent
The SEC Wants to Upend the Stock Market. Is It Worth It?
The Future of Work Is Lunch
Hollywood Loves Its Never-Ending Blizzard of Cheap Christmas Movies
Seven Takeaways From Businessweek’s Cocaine-Smuggling Cover Story
Apple Created a Pseudo-Union to Defeat Organizers in Ohio, Complaint Claims
Fatal Work Injuries Reach All-Time High Among Black US Workers
Historic Drought Threatens US, But States Are Nowhere Near a Deal to Share Water
Why Coal Companies Love Bankruptcy
Doctors Take On Gun Violence With Push for Assault-Weapons Ban
Santa Claus, the Spirit of the Mall, Is Back
In New York Neighborhood, Police and Tech Company Flout Privacy Policy, Advocates Say
This Week in Crypto: SBF Arrested (Podcast)
Crypto Firm Amber Raises $300 Million to Tackle Damage From FTX
What Crypto’s Decline Means for the Future of Bitcoin ATMs (Podcast)
Get up to speed with what the markets are monitoring
Tassia Sipahutar
Subscriber Benefit
Subscribe
Sign In
Good morning. It’s really not looking good for the UK economy, more Twitter employees decided to leave the company, and the chaos left behind by Sam Bankman-Fried are surfacing. Here’s what people are talking about. 
Chancellor of the Exchequer Jeremy Hunt laid bare a bleak new reality for the UK economy on Thursday, one plagued by weak growth and rising taxes for years to come. Hunt pieced together £55 billion ($65 billion) of tax hikes and spending cuts in a bid to stabilize public finances. Under his plan, the tax burden on Britons is set to soar to 37.1% of GDP, the highest level since World War II. Hunt did try to shield poorer Britons from the budget fallout, but even so, the hit to households — despite a total of £100 billion of support in energy bill subsidies and grants — will deepen a recession forecast to last until the end of 2023.

source